3i Infotech benchmarks ‘Digitalization of Insurance’ in Vietnam

With the digital transformation, insurers view digital as a key priority to deliver high quality customer experience. This is the right time to embrace digital insurance to leverage upon the next phase of growth in the economy. With an overwhelming response, 3i Infotech is keen to look at expansion in the region with multiple alliances and partnerships, said Rakesh Doshi, Global Business Head – Financial Services and Insurance at 3i Infotech

Sets it as a center-stage dialogue at a recently concluded Financial Summit

3i Infotech Limited, a global provider of IT solutions and one of India’s mid-tier software companies, recently concluded its participation at the Vietnam Finance 2016. Rightly suited for the forum, 3i Infotech’s rightly crafted deck on ‘Digitalization of Insurance in Vietnam’ received an overwhelming response.

Speaking on the occasion, Rakesh Doshi, Global Business Head – Financial Services and Insurance at 3i Infotech, said, “The insurance sector in Vietnam and within the region is growing multifold. With the digital transformation, insurers view digital as a key priority to deliver high quality customer experience. This is the right time to embrace digital insurance to leverage upon the next phase of growth in the economy. With an overwhelming response, 3i Infotech is keen to look at expansion in the region with multiple alliances and partnerships.”

Digitization shall enable insurers to transform the insurance sector. New digital technologies are irrevocably changing the way consumers involve and relate with insurers. With focus from Government on leveraging E-government and five-year plan of IT application (2nd time) of the Ministry of Finance, the period of 2016-2020, remarks for key IT investments in the sector. The application of IT in the insurance sector currently being implemented is in its early stages. It’s imperative for the country to build an integrated management system, comprehensive fraud management framework, modernizing actuarial functions while business practices and customer interactions are still primarily executed through traditional channels.

3i Infotech one of the key IT banking and insurance software and solutions is a public global company empowering business transformation and services a variety of industry verticals predominantly

Banking, Insurance, Capital Markets, Asset& Wealth Management (BFSI). The company has a very strong foothold and customer base in geographies like South Asia, Middle East and Africa, Asia

Pacific, Kingdom of Saudi Arabia and North America. It is also focused on value added services such as business intelligence and analytics services, infrastructure management services, testing and compliance, application development and maintenance, consulting and its BPO offerings.

Disclaimer:

Except for the historical information contained herein, statements in this release, which contain words or phrases such as “will”, “would”, “expect”, “believe”, and similar expressions or variations of such expressions may constitute “forward-looking statements”. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.